Howard Hughes Holdings Inc. agreed to Spin-Off Seaport Entertainment on October 5, 2023. Seaport Entertainment, a newly formed subsidiary comprising the Howard Hughes entertainment-related assets in New York and Las Vegas, including the Seaport in Lower Manhattan and the Las Vegas Aviators Triple-A Minor League Baseball team, as well as the company's ownership stake in Jean-Georges Restaurants and its 80% interest in the air rights above the Fashion Show Mall. Howard Hughes.

Howard Hughes intends to complete a spinoff Seaport Entertainment as a publicly traded company by the end of 2024. Anton D. Nikodemus has been appointed Chief Executive Officer of Seaport Entertainment. Wells Fargo Securities, LLC acted as financial advisor to Howard Hughes Holdings Inc.